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Jun 21, 2013
06/13
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. >> something is not right about the economy. i am trying to be positive in the economy has expanded of record going back to 2009. but it has consistently weak growth. the job market is improving, but not enough to soak up all of the new people coming into the market. jan graduates and democrats. housing seems to be doing better in some places there is another price bubble. it is because there are too few homes for sale are silly because 44 percent of homeowners are either under water or don't have enough equity this celery letter that the same number that there worse off economically than compared to one year ago. a huge portion of the country is still hurting. the market's nervous about the fed slowing down. i did that, but even though i don't like what the fed is done, i don't see them making any big changes, and i do not see his friend our economy jumping out of its bed anytime soon. melissa: that's true. be sure to watch that tom sullivan show this weekend. on sunday at 7:00 a.m. and 7:00 p.m. happy friday. thank you for joi
. >> something is not right about the economy. i am trying to be positive in the economy has expanded of record going back to 2009. but it has consistently weak growth. the job market is improving, but not enough to soak up all of the new people coming into the market. jan graduates and democrats. housing seems to be doing better in some places there is another price bubble. it is because there are too few homes for sale are silly because 44 percent of homeowners are either under water or...
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Jun 22, 2013
06/13
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directn [laughter] >> something isn't right about the economy. i'm trying to be positive, and @%s, it has expanded every quarter going back to 2009.onsit but it is consistently weak growth. the job market has alsooak up al improved, but not enough to soak up all the new people that are coming into the job market. housing seems to be doing better. in some places, there is another price bubble.ecause but there is swapping 44%, they are either underwater or they the't have enough equity. it is the same number, 44% of people people people that they are worse off economically compared to just one year ago. it is a huge portion that isntry still hurting.gh i even though i don't like what the fed has done, i do not see a the fed making any big changes.s i do not see this fragileofts economy jumping out of this anytime soon. melissa: be sure to watch the tom sullivan show this weekend. you can catch it at seven and 10:00 p.m. on sunday at 7:00 a.m. andhappy. 7:00 p.m. happy friday, everyone. thank you foroi nijoining us.eel have a great weekend. we will
directn [laughter] >> something isn't right about the economy. i'm trying to be positive, and @%s, it has expanded every quarter going back to 2009.onsit but it is consistently weak growth. the job market has alsooak up al improved, but not enough to soak up all the new people that are coming into the job market. housing seems to be doing better. in some places, there is another price bubble.ecause but there is swapping 44%, they are either underwater or they the't have enough equity. it...
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Jun 17, 2013
06/13
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CNBC
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if they are looking through rose-colored glasses and thinking that the economy is in fact better off than it actually is and they make a policy decision as a result of the shaded view of what the real picture is, that's a problem. that's why i asked the question, that's all. >> i think the fed is in or around the market for the second half of the year. there's expected to be an acceleration. another thing we didn't talk about is the market's view and the fed's view about the impact of sequester. think so far the market has been re-evaluating that and expecting a little bit more growth and i think it's right to think that fed policy was oriented somewhat towards offsetting the sequester effects and to the extent that that's less it would make an argument for less qe in the months eye head when that becomes clear. >> good stuff as always, good to talk to you. >> steve liesman back at headquarters. >>> volatility has ruled the day lately. if our next guest is right, better get used to it. steven whiting is chief investment strategist for city wide bank. where do you weigh in on what hap
if they are looking through rose-colored glasses and thinking that the economy is in fact better off than it actually is and they make a policy decision as a result of the shaded view of what the real picture is, that's a problem. that's why i asked the question, that's all. >> i think the fed is in or around the market for the second half of the year. there's expected to be an acceleration. another thing we didn't talk about is the market's view and the fed's view about the impact of...
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Jun 18, 2013
06/13
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broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging markets? >> i think we're looking at short-term patterns here. the belief is when we look at asia-pacific, some of the developing economies, they will probably be back on top in the near term. particularly asia-pacific, which we think will have the fastest growth rate to 2015 where we think world wealth will be -- find net worth over 55 trillion. think about the volatility in the marks. in 2010, 2011, and think about what the u.s. markets did and, quite frankly, u.s. real estate. so it's really not a surprise. we flip-flopped a little bit in 2012 w
broader economy, and their own country or the world. my question for janet is, the surprising thing to me about this report is that north america and the developed countries are actually back on top when it comes to wealth creation. if you look at china, you look at brazil, russia, the developing, emerging markets, which are supposed to be the new thing when it came to the world of wealth, and they're really secondary now. did we all get too bullish when it came to wealth creation in emerging...
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Jun 18, 2013
06/13
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many, many developing economies where feminism has a role. thank you very much, diana. >> great to be with you. thanks for having me on. >> we're back right after this. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. co
many, many developing economies where feminism has a role. thank you very much, diana. >> great to be with you. thanks for having me on. >> we're back right after this. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer....
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Jun 20, 2013
06/13
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growing more than 20% that is more than double the rate of the economy. so the decision not to inject more cash basically tells the market that liquidity will be tightened to slow down credit growth. patrick at silver crest asset management a long time china watcher says the impact will be serious. he says in a statement to fox business. if the bank of china injections emergency cash into the banking system the next day or so, wealth management products that lent money to banks in the interbank market will start to see massive defaults. he also tells me that he thinks that this will, this will not last for very long but in the end they will see the defaults start happening and chinese government will inject. but they could fix all this by pumping money into the system that would reinforce the runaway credit issue we were talk about earlier. if they pump more money in they risk creating a bigger burden of bad debt. basically the take home.this is self-inflicted. it's a state controlled crisis. it's a risky move for an economy that is already shrinking but
growing more than 20% that is more than double the rate of the economy. so the decision not to inject more cash basically tells the market that liquidity will be tightened to slow down credit growth. patrick at silver crest asset management a long time china watcher says the impact will be serious. he says in a statement to fox business. if the bank of china injections emergency cash into the banking system the next day or so, wealth management products that lent money to banks in the interbank...
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Jun 18, 2013
06/13
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CNBC
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eye 92
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one of the biggest problems in the economy, interesting changes here. used to be concerned about too little deficit reduction. that back in april. that's fallen off. not a whole lot of concern about deflation or overall inflation and a little bit more concern about too much deficit reduction, that the sequester is hitting the economy in a bad way, but those aren't on the top. let's go to the next one to look at the top, the next graphic, there we go. the european financial crisis falling off, slow job growth and tax and regulatory policies the two maintaining the top spot for the second month in a row. let's see some of the other ones, 11% sluggish overseas growth, overall uncertainty. asset price bubbles and declines. slow income growth, slow overall growth, and then there's negative economic commentary by the press. thought i'd throw that in there. someone did mention that. as for the overall economic outlook, really unchanged since the april survey. looking for 2.1% year over year and accelerating to 2.6% next year. tyler, not a lot of concern about
one of the biggest problems in the economy, interesting changes here. used to be concerned about too little deficit reduction. that back in april. that's fallen off. not a whole lot of concern about deflation or overall inflation and a little bit more concern about too much deficit reduction, that the sequester is hitting the economy in a bad way, but those aren't on the top. let's go to the next one to look at the top, the next graphic, there we go. the european financial crisis falling off,...
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Jun 18, 2013
06/13
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we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in your view? >> jackie, i think it's completely wrong to buy gold her. this show is kaulgd futures and he's still looking at the past for decisions he's making on gold. the fed has been easing for a year and a half and gold has done nothing but drop. it's all about inflation, inflation according to that cpi number, jeff is right, doesn't exist at this point. it's even detached from the dollar which has shown weakness and gold is still lower right now. so i don't think it really matters what the fed does. if they continue their qe, it won't matter to gold. it's still going lower. if they decide t
we don't have the data strengthening the economy support we want or for the fed to walk away. finally, the fed said they would be committed and stick with the stimulus until we see the unemployment rate go under 6.5%. we're nowhere near. we actually upticked last month. that's why we think it's the lower end of the range, a buying opportunity in gold. >> so you think the fed is not going to back away, buy gold her. anthony, what kind of move to you think gold is going to make tomorrow in...
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Jun 19, 2013
06/13
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economy? where is it? >> the fed has been above consensus of everybody in where the economy is. >> but where is the strength? i feel better against europe and china. >> and oil and gas. >> and the unemployment numbers from those districts are amazing. >> and the housing and the ripple effect that you have pointed out from housing many times. >> and nordstroms. >> and autos doing pretty well. >> restoration hardware. and housing, we could use 2 million homes. you are right. you are right. i'm saying that if you are the fed and say 6.5% unemployment, we are not there. >> we are not there yet. but we may be getting there. taking a look at the futures. >> well, quickly, the banks, jim, that you said are the most impornt sector to keep an eye on, and they are lower this morning by a half percent. >>le with, people are not buying my rap on that stuff. banks are too high, and this guy who is a pop-off jamie dimon said that the rates he will do $2 billion more with the higher rates, but who is he? who
economy? where is it? >> the fed has been above consensus of everybody in where the economy is. >> but where is the strength? i feel better against europe and china. >> and oil and gas. >> and the unemployment numbers from those districts are amazing. >> and the housing and the ripple effect that you have pointed out from housing many times. >> and nordstroms. >> and autos doing pretty well. >> restoration hardware. and housing, we could use 2...
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Jun 17, 2013
06/13
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on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you can't have it there but there is an old anecdote about somebody helping plan d day invasion and he was a meteorologist and he kept say i don't go want to give you anymore reports because i think it's no better than a 50/50 shot and the general said send it in any way, we need it for planning. so even though something is inferior, people keep looking to it. >> and just briefly, i know in the last couple weeks we've been trading off different things. first it was what was happening in japan and the yen, then what was happening here in the
on the economy for example. so the "new york times" ran a piece over the weekend, they were basically saying the new normal of sluggish growth now over and we should get much more optimistic about the economy. and then you hear today that the fed is possibly going to down grade its own estimates this week at the meeting and that will become the main focus. >> with all due respect to the people who work at the fed, they are notorious for faulty estimates, if you would. and so you...
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Jun 21, 2013
06/13
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is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know, you made a comment earlier about are we ahead of ourselves from a fundamental perspective? i think the market is very forward looking, right? so the point there is i think the market is looking ahead six months and saying, we're going to be in a very different place -- >> hang on, hang on. i understand that point, but i don't think that's where we are because we were artificially inflated by the fed, and the assumption was that the fundamentals would come up to support us, and, therefore, it's not a normal situation. what we're sayi
is the economy strong enough? is the economy around the world strong enough to support the market at this level if they're going to pull support away. >> i think what he's trying to say is the economy he hopes will be strong enough. they're not pulling the rug out right now. they've made it clear they're extremely data dependent. i think they're expecting the economy to be strong enough, and i think they're expecting that when it is, they will start to pull back. to be clear, you know,...